Identification of Suppliers of Precious Metals and Gemstones
As part of its due diligence procedures, Imperial-Deltah, Inc. has collected information on all suppliers of precious metals and gemstones for the period of January 1, 2023 to December 31,2023. This entails Know Your Counterparty information that establishes beneficial ownership, banking information, anti-money laundering compliance, and locational information on the suppliers’ operations. Ownership and company information is cross-referenced against objective evidence, such as government-issued identification, public financial filings, business licenses, and other relevant documentation. Imperial-Deltah, Inc. also requires its suppliers have a supply chain policy consistent with the OECD Guidance on Supply Chain Due Diligence as a condition of the ongoing business relationship and that any diamond vendors comply with the Kimberly Process Certification Scheme (KCPS), World Diamond Council System of Warranties (WDC SoW), and national law.
Assessment of Suppliers’ Due Diligence Practices
All of Imperial-Deltah Inc.’s active suppliers of precious metals and gemstones conform to or exceed Imperial-Deltah Inc.’s requirements for KYC information and Supply Chain Due Diligence and transparency. In all cases, KYC information is complete and verified with additional evidence to support the veracity of the information collected. Furthermore, all suppliers of precious metals and gemstones have a Supply Chain Due Diligence policy and procedures in conformance with the OECD, including the requirements of Third-Party audit and Annual Reporting on their ongoing due diligence, which are reviewed by Imperial-Deltah Inc.’s Compliance Department alongside its CAHRA identification protocol.
Risks Identified
No risks have been identified for the period of January 1, 2023 to December 31, 2023. This marks Imperial-Deltah Inc.’s first year of rigorous engagement with the Due Diligence program outlined in this report, and it will continue to review and assess its own due diligence practices for continued improvement.
Strategy to Respond to Identified Risks
As there are no identified risks based on KYC, AML, and CAHRA Identification protocols for this period, this section is not applicable, but will be included in subsequent Annual Reports as necessary based on any identified risks for that period.